Mortgage lenders slow to home in on rates cut (Edinburgh Evening News)
MAJOR mortgage lenders are being slow to pass on last week’s interest rate cut to their customers.
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Existing Home Sales Sag, Mortgage Rates Up (E-Commerce Times) Sales of previously owned homes dropped 2.6 percent in July as mortgage rates crept up. But even with the decline, sales clocked in at the third-highest level on record. The
HSBC U.S. mortgage risk charges to exceed forecasts (Reuters via Yahoo! Asia News) NEW YORK, Feb 7 (Reuters) - Global lender HSBC Holdings said on Wednesday that U.S. mortgage loan impairment charges for the end of 2006 would be some 20 percent
Housing Slowdown Ripples Through Economy The five-year housing boom is indeed over, judging from growing statistical evidence and the performance of some of the nation's leading builders, and the slowdown is already rippling through the
Many Borrowers Aiming for Long-Term, Fixed-Rate Loans Stan Powell recently ditched his adjustable-rate mortgage for a traditional and far more predictable loan that would lock in his rate for 15 years. read more...
Program to Promote Ownership of Energy-efficient New Homes In support of National Homeownership Month in June, Agriculture Secretary Mike Johanns announced special eligibility considerations for low- and moderate-income home loan applicants who are purchasing newer, ...read more...
Mortgage rates dip for fourth straight week Rates on 30-year mortgages fell for a fourth consecutive week as a slowing economy eased concerns about inflation.read more...